Qualys (NASDAQ:QLYS) Director Sells $520,405.20 in Stock

Key Points

• Qualys Director John Zangardi sold 3,860 shares worth $520,405.20, reducing his ownership by 34.98% to 7,174 shares valued at nearly $967,199.
• The latest quarterly earnings report for Qualys showed an EPS of $1.68, exceeding estimates, with a revenue of $164.06 million, a 10.3% increase compared to the previous year.
• Wall Street analysts generally maintain a Hold rating on QLYS stock, with target price increases leading to an average target of $141.00.

Qualys, Inc. (NASDAQ:QLYS - Get Free Report) Director John Zangardi sold 3,860 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $134.82, for a total transaction of $520,405.20. Following the sale, the director directly owned 7,174 shares in the company, valued at $967,198.68. This trade represents a 34.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Qualys Trading Down 1.5%

QLYS traded down $2.05 during midday trading on Monday, hitting $132.49. 203,270 shares of the company traded hands, compared to its average volume of 351,517. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 27.68 and a beta of 0.56. Qualys, Inc. has a 52-week low of $112.61 and a 52-week high of $170.00. The business has a 50 day simple moving average of $137.33 and a two-hundred day simple moving average of $133.37.

Qualys (NASDAQ:QLYS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.21. The business had revenue of $164.06 million for the quarter, compared to the consensus estimate of $161.25 million. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The company's revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. Qualys has set its FY 2025 guidance at 6.200-6.5 EPS. Q3 2025 guidance at 1.500-1.6 EPS. Equities research analysts anticipate that Qualys, Inc. will post 3.85 earnings per share for the current year.

Institutional Investors Weigh In On Qualys

Hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors grew its holdings in shares of Qualys by 4.6% in the second quarter. Captrust Financial Advisors now owns 2,038 shares of the software maker's stock valued at $291,000 after purchasing an additional 90 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in Qualys by 2.4% during the 2nd quarter. Arkadios Wealth Advisors now owns 4,006 shares of the software maker's stock worth $572,000 after acquiring an additional 93 shares in the last quarter. Occidental Asset Management LLC grew its holdings in Qualys by 4.3% during the 2nd quarter. Occidental Asset Management LLC now owns 2,283 shares of the software maker's stock worth $326,000 after acquiring an additional 95 shares in the last quarter. Cim LLC grew its holdings in Qualys by 1.2% during the 1st quarter. Cim LLC now owns 8,561 shares of the software maker's stock worth $1,078,000 after acquiring an additional 98 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in Qualys by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,776 shares of the software maker's stock worth $1,105,000 after acquiring an additional 100 shares in the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on QLYS. Jefferies Financial Group increased their price objective on shares of Qualys from $140.00 to $150.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Scotiabank increased their price objective on shares of Qualys from $142.00 to $150.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th. UBS Group increased their price objective on shares of Qualys from $140.00 to $150.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. DA Davidson increased their target price on shares of Qualys from $130.00 to $135.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley increased their target price on shares of Qualys from $90.00 to $97.00 and gave the company an "underweight" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $141.00.

About Qualys

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.

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